As of November 2018, average rent for an apartment in Miami, FL is $2230 which is a 8.92% increase from last year when the average rent was $2031 , and a 1.48% decrease from last month when the average rent was $2263.

One bedroom apartments in Miami rent for $1908 a month on average (a 8.91% increase from last year) and two bedroom apartment rents average $2508 (a 8.09% increase from last year).

Average Rent in Fort Lauderdale, FL

All rentals

Studio

1 Bed

2 Beds

3 Beds

Average Rent

$1,694

$1,462

$1,457

$1,815

$2,305

Y-o-Y Change

4%

5%

5%

3%

2%

Average Apartment Size

947 sq. ft.

582 sq. ft.

761 sq. ft.

1,064 sq. ft.

1,432 sq. ft.

Source – Rent Cafe

What This Means To You

What do the facts in this article mean to you? We can expect continued demand for rental properties in Fort Lauderdale and Miami this year and this means more opportunity to build wealth by investing in rental properties.

To learn more about available rentals in Miami or Fort Lauderdale, contact Malico Watson and the Bryan Orange Group today by calling us at (786) 606-7227 or click here.